GLN ... What looked promising this a.m. ... i.e. Gapping up to finally breaking out of the 18 month long LTDTC(long-term Downtrend Channel) only to get "spooked" by its 1st resistance(old suppt) level of the LT SP horizontal R1(89.5-93c) zone. This all happened on large volume and, sadly, GLN finished on its daily low. Thus, one has to assume Sellers were/are very much in control. This 'control' probably means we need to see today's GAP filled at minimum, or even that miniscule Gap(@ 60.5c) filled as well, B4 any resumption to the upside. Either wouldn't bother me(from a TA perspective) as the SP would still remain within the (ST) Bullish AP uptrend. So we need to hold fast for some more (TA and FA) data to come through.
A "Close_Up" Daily Chart identifies a 5_Pt Bottom Pattern. Again, it shows the initial breakout of its 'neckline'(coinciding with the breakout of the LTDTC mentioned above), the Dark-Cloud candle, the close back below inside the pattern and those 'pesty' Gaps. We need a few day's more of SP action to see if today's action was a Bull Trap or just traders taking a quick profit. The bottom pattern has a minimum objective of ~ $1.05 so if, by any chance, we do get back to test today's high, and the 89.5_93c R1 GAP, soonish then that level is the next one to look for in the near-term. Risk to downside, as I see it, is a close below 60.5c ... but that's just me(and my tools of trade).
GLTAH's ...
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $90.04M |
Open | High | Low | Value | Volume |
19.0¢ | 19.5¢ | 19.0¢ | $534.9K | 2.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 525942 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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19.5¢ | 77760 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 525942 | 0.190 |
7 | 382242 | 0.185 |
15 | 1277304 | 0.180 |
6 | 289639 | 0.175 |
3 | 235500 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 50000 | 1 |
0.200 | 391317 | 7 |
0.205 | 56968 | 2 |
0.210 | 104192 | 6 |
0.215 | 145400 | 4 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
19.0¢ |
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Change
0.000 ( 1.20 %) |
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Open | High | Low | Volume | ||
19.0¢ | 19.5¢ | 19.0¢ | 1073409 | ||
Last updated 15.47pm 14/06/2024 ? |
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